Well Established Italian Restaurant...Just Reduced For Quick Sale!
| Asking Price: | $500,001 | Inventory: | $3,000 ++ |
| Gross Revenue: | $700,000 (comments below) | Real Estate: | $1,000,000 ** |
| Cash Flow: | $75,000 | FF&E: | $200,030 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: revenues are not at potential | |||
This is a 17 year old restaurant that has been the dining favorite of many over those years. It is the perfect opportunity for someone to start their culinary talent in motion or just keep the current menu going. This is a restaurant that has survived all the econimic strain and struggle for many years. The facility is in great shape and can be changed to fit any design or culture. There is 1700 square feet of restaurant space....seating 60 max....and a full basement. This space can be leased or you can buy the building. This is a very unique opportunity for the right buyer! There are parking arrangements for the diners for $1.50...right across the street. The rent is $6,000 a month which includes the taxes and water! There is a website that comes with the business....This is priced right and if anything .....maybe too low!
About the Business
Year Established:1992
Employees:6 full time -
Facilities:Great location on a main street in an upscale dining community. 1700 sq. ft. with full basement. Fully equipped ready to go. Well maintained facility and equipment. 20 dining seat in warm weather for dining outside.
Market Outlook and Competition:Great dining community. Plenty of diners for lunch and dinner. Plenty of business people to market to for lunch and dinner. Plenty of residents also! Classy town with great commerce.
About the Sale
Reason For Selling:Owner would like to travel back to Italy
Seller Financing:available but only a small amount....owner prefers to not hold but will hold paper for right deal.
KEYWORDS: Italian, restaurant, eatery, bar, dining, real estate available, great lease, upscale town, main street, pasta, meat, salad, bread
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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